Binance received a license to operate in Dubai

Binance received a license to operate in Dubai

Cryptocurrency exchange Binance announced that it has received a license to operate in Dubai. According to the license of virtual asset provider, the company will be able to open an office in the emirate and provide digital asset exchange services to qualified investors and financial firms. RBC Crypto writes about it.

On March 15, Binance received a license to operate in Bahrain. The company will now be able to provide customers with cryptocurrency trading, custody and asset management services under the supervision of the kingdom’s financial regulators.

Last week, the crypto exchange stopped supporting Visa and Mastercard cards issued in Russia. All transactions initiated using Mastercard and Visa cards by financial institutions outside of Russia also became inadmissible.

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Written by Renat
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